Canada Exchange Rate to US Dollar Calculator
Understanding the Canada to US Dollar Exchange Rate
The exchange rate between the Canadian Dollar (CAD) and the US Dollar (USD) is a crucial metric for anyone involved in international trade, travel, or investment between Canada and the United States. This rate fluctuates constantly due to a variety of economic factors, including interest rates set by the Bank of Canada and the Federal Reserve, inflation rates, geopolitical events, commodity prices (especially oil, a major Canadian export), and overall market sentiment.
When you convert CAD to USD, you are essentially determining how many US dollars you can purchase with a given amount of Canadian dollars. The exchange rate acts as the multiplier for this conversion. For example, if the exchange rate is 0.75 CAD to USD, it means that 1 Canadian Dollar is worth 0.75 US Dollars. Conversely, if you wanted to convert USD to CAD, you would need a different rate (the inverse of the CAD to USD rate) or look up the direct USD to CAD rate.
This calculator simplifies the process. By inputting the amount of Canadian Dollars you have and the current exchange rate (how many USD you get for 1 CAD), you can quickly see the equivalent amount in US Dollars. This is invaluable for planning trips, sending money, or understanding the value of cross-border transactions.
function calculateUsd() {
var cadAmount = parseFloat(document.getElementById("cadAmount").value);
var exchangeRate = parseFloat(document.getElementById("exchangeRate").value);
var resultDiv = document.getElementById("result");
if (isNaN(cadAmount) || isNaN(exchangeRate)) {
resultDiv.innerHTML = "Please enter valid numbers for both amounts.";
return;
}
if (exchangeRate <= 0) {
resultDiv.innerHTML = "Exchange rate must be a positive number.";
return;
}
var usdAmount = cadAmount * exchangeRate;
resultDiv.innerHTML = `
${cadAmount.toFixed(2)} CAD is equal to
${usdAmount.toFixed(2)} USD
Based on an exchange rate of 1 CAD = ${exchangeRate.toFixed(4)} USD
`;
}
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font-family: sans-serif;
border: 1px solid #e0e0e0;
padding: 20px;
border-radius: 8px;
max-width: 600px;
margin: 20px auto;
background-color: #f9f9f9;
}
.calculator-title {
text-align: center;
color: #333;
margin-bottom: 20px;
}
.calculator-form .form-group {
margin-bottom: 15px;
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margin-bottom: 5px;
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transition: background-color 0.3s ease;
}
.calculator-form button:hover {
background-color: #0056b3;
}
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margin-top: 25px;
padding: 15px;
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border: 1px solid #ced4da;
border-radius: 4px;
text-align: center;
font-size: 1.1em;
color: #333;
}
.calculator-result p {
margin: 0 0 10px 0;
}
.calculator-result small {
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}
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}